(Adds details, stocks, updates prices to the close)Jan 30 (Reuters) - Canada's main stock index fell on Tuesday, hitting its lowest level in more than seven weeks as the declining price of oil pulled shares of energy companies down for the second day in a row.* The Toronto Stock Exchange's S&P/TSX composite index ended down 139.21 points, or 0.86 percent, at 15,955.51.* The index touched a se...Read More
Concerns about interest rates sent the major indexes lower -- and Treasury yields higher -- for the second session in a row, though the Federal Open Market Committee (FOMC) isn't expected to announce a rate hike after its policy meeting tomorrow. In addition, the announcement of Amazon's (AMZN) new healthcare partnership weighed on several pharmacy stocks and health insurers, including blue-chip...Read More
Jan 31 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,022.80 -52.60NZX 50**8,263.48 -35.10DJIA**26,076.89-362.59 NIKKEI**23,291.97-337.37Nasdaq**7,402.482-64.023 FTSE**7,587.98 -83.55S&P 500** 2,822.43 -31.10Hang Seng** 32,607.29-359.60SPI 200 Fut 5,941.0-19.0 STI** 3,548.74 -28.33SSEC**3,488.1888 -34.81KOSPI** 2,567.74 -30.45-----------------------------------------...Read More
Jan 31 (Reuters) - Australian shares are set extend losses on Wednesday following an underwhelming lead-in from Wall Street, while a fall in commodities prices could lead to a weakness in materials stocks. U.S. stocks registered a second straight day of losses on Tuesday as healthcare stocks and rising bond yields weighed on all three major U.S. indexes. Meanwhile, Chinese iron ore futures ticked...Read More
(Adds details from U.S. government)CARACAS, Jan 30 (Reuters) - A pre-sale of Venezuela's new "petro" cryptocurrency will begin on Feb. 20, President Nicolas Maduro said on Tuesday, a move that the government hopes will help pull the country out of a dire economic crisis.Critics have slammed the initiative as not only illegal but nothing more than a debt issuance by the government amid q...Read More
Jan 30 (Reuters) - Canada's main stock index ended lower on Tuesday, hitting its lowest level in more than seven weeks as the falling price of oil pulled shares of energy companies down for the second day in a row.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 139.21 points, or 0.86 percent, at 15,955.51. (Reporting by Leah Schnurr; Editing by Peter Cooney) Disc...Read More
* Dollar reverses gains from Monday* Euro, Japanese yen up* Traders await Fed meeting announcement, jobs report (Updates prices, market activity; adds commentary)By Stephanie KellyNEW YORK, Jan 30 (Reuters) - The dollar fell on Tuesday, reversing its gains from the day before, ahead of a Federal Reserve monetary policy decision on Wednesday, while the euro and the Japanese yen strengthened against...Read More
Jemima Kelly, Tommy WilkesLONDON (Reuters) - Hackers who stole around $530 million worth of cryptocurrency from the Coincheck exchange last week -- one of the biggest such heists ever -- are trying to move the stolen “XEM” coins, the foundation behind the digital currency said on Tuesday.NEM Foundation, creators of the XEM cryptocurrency, have traced the stolen coins to an unidentified...Read More
NEW YORK, Jan 30 (Reuters) - U.S. stocks fell for the second straight day on Tuesday as healthcare stocks and rising bond yields weighed on all three major U.S. indexes.The Dow Jones Industrial Average fell 361.83 points, or 1.37 percent, to 26,077.65, the S&P 500 lost 31.06 points, or 1.09 percent, to 2,822.47 and the Nasdaq Composite dropped 64.02 points, or 0.86 percent, to 7,402.48. (Repor...Read More
* Dow posts biggest opening bell drop in almost 16 yrs* Rising bond yields drag as Fed meets, Trump speech eyed* Health stocks down on Amazon, JPMorgan, Berkshire team-up* VIX hits highest level since August 2017* Indexes down: Dow 1.4 pct, S&P 1.05 pct, Nasdaq 0.93 pct (Updates to late afternoon, changes byline)By Stephen CulpJan 30 (Reuters) - U.S. stocks were on track for a second straight...Read More
(New throughout, updates prices, market activity and comments, updates table)* U.S. 10-year yields rise to nearly 4-year peak* U.S. 30-year yields hit highest since May* Focus on Trump speech, Fed, U.S. jobs By Gertrude Chavez-DreyfussNEW YORK, Jan 30 (Reuters) - U.S. Treasury long-dated yields rose on Tuesday ahead of a slew of events this week such as a Federal Reserve monetary policy decision...Read More
Insurance issue Anthem Inc (NYSE:ANTM) is just one of many healthcare stocks sinking as a result of the joint venture between Amazon (AMZN), Berkshire Hathaway (BRK.A), and JPMorgan Chase (JPM). ANTM was last seen trading down 5.7% at $242.47, with the shares testing their 20-day moving average. For what it's worth, they're still roughly 10 points above the 50-day moving average. All of this come...Read More
Gold futures proved unable to hang on to early gains, ending with a small loss as the dollar pared its decline. Gold initially found haven-related support as global equities and Treasurys saw renewed selling pressure, analysts said. But while the U.S. dollar remained under pressure, the currency trimmed initial losses, which appeared to sap support for the metal. Gold also moves inversely to the d...Read More
Steve HollandWASHINGTON (Reuters) - President Donald Trump, battling a probe into his campaign’s alleged ties with Russia and struggling to sell Americans on his leadership abilities, will take credit for U.S. economic gains in the past year in an address to Congress on Tuesday night.Facing a deadline on an immigration controversy and strong Democratic opposition, Trump will also call for a...Read More
Jan 31 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,022.80 -52.60NZX 50**8,298.58 -29.010DJIA26,071.57-367.91 NIKKEI**23,291.97-337.37Nasdaq7,390.422-76.08FTSE**7,587.98 -83.55S&P 500 2,822.96 -30.57Hang Seng** 32,607.29-359.60SPI 200 Fut 5,938.0-22.0 STI** 3,548.74 -28.33SSEC**3,488.19 -34.81KOSPI** 2,567.74 -30.45--------------------------------------------------...Read More
(Kitco News)- It’s a sea of red for financial markets Tuesday as investorsare exiting profitable trades in the precious metals markets to raise capitalfor falling equity markets, according to analysts.Gold is modestly negative on the day, last traded at $1,340.30an ounce, down 0.36% but it is outperforming equities, which is seeing nearly1% declines across the board. According to reports the...Read More
Central banks remain powerful creatures. Will gold escape from their grip? Bank of Japan It’s a hot period in central banking. On Tuesday, the Bank of Japan kept its monetary policy on hold. Kuroda tried to convince the markets that the BoJ won’t follow the Fed towards an exit from easy monetary policy soon. “We haven’t reached the stage of thinking about how to handle an e...Read More
* Investors await Fed meeting for interest rate cues* Platinum's lengthy bear run shows signs of turning (Recasts throughout; updates prices, adds comment, NEW YORK to dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, Jan 30 (Reuters) - Gold slipped back to a one-week low on Tuesday as markets braced for U.S. President Donald Trump's annual State of the Union address and news on U.S. m...Read More
The major U.S. benchmarks are spiraling for a second straight day, as the 10-year Treasure yield hovers near a three-year peak, and healthcare stocks spiral. But while steel name AK Steel Holding Corporation (NYSE:AKS) sinks alongside the broader stock market, biotech Achaogen Inc (NASDAQ:AKAO) and healthcare technology firm Cerner Corporation (NASDAQ:CERN) are both in positive territory. Here's a...Read More
Last week, 52% of Nasdaq-100 Index (NDX) stocks hit a new 52-week high. There have been just two other times in history when more than half of NDX components notched an annual peak in one week, and both signals preceded short-term pullbacks for the index. So, was this week's steep stock market drop in the cards for the Nasdaq-100 and its sector peers? The sample size is small, of course, but below...Read More